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That's a good point. I like the idea of not working for someone else and being my own boss.

It still seems confusing. Do I basically have to predict both markets. If I'm buying the euro and selling the dollar, what if the dollar and euro both appreciate, can this happen?? Is everything basically paired off of the dollar can I pair the peso with the swiss franc. All in all does...

But wouldn't you agree that shorting premium WAY OUTSIDE OF THE MONEY is safer than trading futures contracts. Take my example that I gave about silver. I sold july $17 calls for $150 when the price of silver was at $9.75 about three weeks ago. The third day after I sold my options in...

I'm just looking for more markets to trade. I use Elliott wave to trade and am looking to find more markets that follow this pattern.

Sorry but what exactly do you mean eur will appreciate against dollar? Do you mean the euro will increase as the dollar decreases or do you just mean the euro will increase.

Hi guys, I'm new to trading forex. I've traded stocks and futures but never forex. I have a question. Is forex trading basically the same thing as trading futures and stocks but your just buying another currency with the U.S. dollar? For example let's say I think the euro will depreciate...

I think the key is to not let that blow up occur when the price of my option doubles I get out. I won't allow the option to blow up in my face by holding on to it.

Yes I agree with you. The only reason I traded that way was to build my account. I DO NOT recommend trading in that manner. I do feel that writing options outside of the money is a great way to trade. I love the fact that the odds are in my favor. If I were trading on a large account I...

I was trading in commodities. I leveraged all of my returns. I started with $3,000, leveraged all of it, got control of 10 contracts in five different markets for options worth about $150...made a return of $1500. Then did the same thing with $4500, leveraged all of it got control of 15...

The money I made the $22,000 from the $3,000 was on a real account with real money. I guess I will just keep trading on my own, and keep developing a track record. It's tough to break into, I may have to go prop to get experience with larger sums of money or I may go back to get an MBA...

I wrote those options naked way outside the money. I found a good broker that charges $4 round trade. The more I trade the cheaper it gets. I used an exit strategy of 200%. Let's say I wrote 10x $150 options outside of the money with 2-3 months till expirtation. If the option became...

So you think there's no chance of me breaking into trading from being a wealth advisor, even with a good track record.

Hi I have a question for you guys. I'm interested in becoming a pro trader for a firm. I've been trading for a couple of years. Mainly on practice accounts for the first couple of years. The last six months I've shown a solid return by turning $3000 into $22000, I did this through writing...

I've been trading full time for myself this past year and have made some really good returns. I have an L.L.C. formed and I was wondering are there more write offs when you have an L.L.C then when you don't? Does having an L.L.C. give a good amount of tax benefits?

You know what you should do is develop a great track record with real money. If you don't mind me asking what is your track record with real money? Once you have one developed this could lead to a position. Right now we are in a bear market in the stock market. Once another big bull market...

What you say in a normal market is true, but the past couple of years have been anything but normal. The past couple of years real estate has been looked at primarily as an investment vehicle and not as housing.

I take back what I said, maybe real estate will implode quickly. Just take a look at how quickly it explode it didn't take long for prices to double. What's stopping the market from tanking just as quickly.

Mortgage rates will remain the same but the properties value won't. As mortgage rates rise the home's value will decrease.

But the stock market is similar to real estate in that it also historically has risen and also forces people to be long. I don't think real estate will implode the way the stock market, I think it will take more time.

But what's going on with the market? How will these inflated prices be sustained? When mortgage rates return to normal and the selling frenzy is over with don't you think the prices will return to normal. I think this may be a possiblitly: The fed will have to keep bumping rates up in...